One Oak Grove
- In 2014, Leon Capital Group was approached with the opportunity to take assignment of a contract requiring the company to post $250,000 of non-refundable earnest money within 48 hours.
- The approximately 1-acre site held immense potential to redevelop as an apartment project in one of the strongest multifamily markets in the country, so Leon Capital closed the deal within 21 days.
- Leon Capital Group worked to relocate existing tenants and obtain a zoning change approval to accommodate the desired use.
- Construction of the project was completed in Q4 of 2016 and leased-up ahead of schedule, resulting in a sale to a private buyer in Q4 of 2017.